Entertainment

Confirmed: CBS Acquires Wallstrip

Turns out you can believe what you read on a gossip blog: Jossip broke the news last week that CBS was acquiring the stock market-focused video blog Wallstrip for $5 million. They were right, apart from the price, which was apparently incorrect (surely it's lower?).

Wallstrip founder Howard Lindzon confirmed the deal on his blog on Monday - presenter Lindsay Campbell and producers Adam Elend and Jeff Marks will become full-time employees of CBS, says Gigaom. The show had raised $600,000 from angels and friends, including Fred Wilson and Brad Feld. It's a great exit for Wallstrip, and may give hope to other videoblogs that want to make the leap. Video announcing the deal (and the CBS employees' cluelessness about Wallstrip) below.

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